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Raven Russia

16:48 on 22/11/2017

Current Price 47.50p | Bid 47.50p | Ask 48.75p | Change 1.33%

Company Overview

Raven Russia Limited is a well-capitalised company, with $280m unleveraged share capital, which provides for initial investment with leverage of circa $750m. Raven Russia has been established to invest principally in 'warehouse' property across Russia. The definition for 'warehouse' is generic and includes the entire spectrum of 'big box/shed' properties from high-bay logistics buildings through standard factories to retail warehouses/leisure boxes and some offices/standardised retail. Its objective is to become the pre-eminent investor in these types of properties throughout Russia. In creating the proposed property portfolio it is looking at operating in four areas of business: 1. Straightforward investment purchases: The simple purchase of an existing let property from an investor/developer.; 2. Sale and Leasebacks: the purchase of property from an existing occupier who simultaneously leases back the property from us for an agreed term at an agreed rent.; 3. Tenant Partnering: active participation in the land acquisition and subsequent development of a specific bespoke building for a specific tenant where we provide the entire financing and construction management expertise for a tenant who simply agrees to a pre-letting of the building on agreed terms.; 4. Forward Funding local Developers: this can take varied format, either we finance independent developers throughout the land acquisition and construction period either against pre-lets or speculatively (dependant upon margin) or we simply contract to forward purchase a building thus allowing the developer the ability to 'bridge' the transaction with investor/bank financing. In addition to its Investment business, Raven Russia will look at speculative development/land assembly in-conjunction with experienced local partners.

Stock Details

EPIC RUS
ISIN GB00B0D5V538
Shares in Issue 682,560,376
Market cap £ 245.72m
Sector Real Estate Investment & Services
Indices FTSE SmallCap
UK FTSE All Share

Financial Highlights Year Ended 31/12/2014

Turnover $257.60 million
Operating Profit $-4.60 million
Dividend Yield 18.67
Dividend Per Share 0.00
Dividend Cover 1.37
P/E Ratio -1.25
» More Financials

Key Personnel

Glyn Vincent Hirsch CEO
Colin Andrew Smith COO
Mark Sinclair CFO

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Price Summary

Mid Price ? 48.13p
Bid Price ? 47.50p
Ask Price ? 48.75p
Volume ? 2128
Change Today 0.63p
% Change Today 1.33%
Open 48.43p
Previous Close 48.13p
Intraday High 48.43p
Intraday Low 47.50p
52 Week High 50.00p
52 Week Low 28.50p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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